The share price has dropped off sharply since the Chairman's Address to Shareholders on 30th October. Something like 13% in less then a week.
What did he say that was so bad?
It's appears the company withdrew a SPP recently. Apparently due to share price volatility. What was that all about? I would have thought they would need as much capital as possible for growth.
You would think the share price of a company in such a strong growth industry would be heading north, not south for example Vocus (VOC.asx) of which I am a happy share holder.
Any insight from someone one knows this company well would be appreciated.
For the record I bought a small parcel of shares today simply to get on the register.
why the sudden share price drop?
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$16.94 |
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Mkt cap ! $10.17B | |||
| Open | High | Low | Value | Volume |
| $16.93 | $17.05 | $16.90 | $22.25M | 1.311M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7370 | $16.94 |
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| Price($) | Vol. | No. |
|---|---|---|
| $17.04 | 5678 | 3 |
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